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Snabbit, BPR Hub, Chelvies Coffee, Postudio grab early-stage funding

VCCircle

VCCircle · 6m ago

Snabbit, BPR Hub, Chelvies Coffee, Postudio grab early-stage funding

Snabbit, a quick-services app, BPR Hub, a compliance management platform, Chelvies Coffee, and Postudio have each secured early-stage funding. Snabbit raised $5.5 million in a Series A round led by Elevation Capital and Nexus Venture Partners. BPR Hub secured $2.6 million in seed funding from Accel and Kae Capital. Chelvies Coffee raised $1 million led by Endurance Capital. Postudio received $1 million in pre-seed funding from Audacity Venture Capital for expansion and development.

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Chelvies Coffee raises $1 Mn in pre-Series A round

Entrackr

Entrackr · 6m ago

Chelvies Coffee raises $1 Mn in pre-Series A round

Chelvies Coffee raises $1 Mn in pre-Series A round Coffee and dining experience brand Chelvies Coffee has secured $1 million in a pre-Series A funding round led by Endurance Capital, with an additional $500,000 in debt financing currently in process. The proceeds will be used to establish more than 30 high-street locations across major Indian metros by 2026, enhance existing supply chain infrastructure, develop proprietary food production systems, and strengthen operational teams, Chelvies Coffee said in a press release. Launched in 2023 by Dhruv Singh, Chelvies Coffee is a specialty coffee restaurant brand that combines premium coffee offerings with fresh, high-quality dining options. With six locations across Delhi NCR and Ahmedabad, the company aims to empower the Indian coffee shop experience through its commitment to quality, innovation, and exceptional customer service. The Delhi-based brand offers an extensive menu of over 70 specialty coffee brews, complemented by a curated dining menu that includes burgers, artisanal sandwiches, and pasta—all produced through in-house facilities. The company’s proprietary supply chain system, supported by centralized dispatch units and base kitchens, enables it to deliver a refined experience efficiently and at scale. According to market research, India's cafe industry is projected to grow at a CAGR of 15-20%, reaching $2.6-3.2 billion by 2028. Chelvies claims it has achieved a monthly run rate of INR 1.30 crore, with demonstrated profitability at each store level. The company aims to transform India’s coffee culture with a European-inspired concept that blends premium specialty coffee with an elevated dining experience.

Attracting global VCs to bridge late-stage funding gap: DIFC Innovation Hub CEO

VCCircle

VCCircle · 2m ago

Attracting global VCs to bridge late-stage funding gap: DIFC Innovation Hub CEO

The DIFC Innovation Hub, led by CEO Mohammad Alblooshi, is seeking to attract global venture capital firms to address the late-stage funding gap in Dubai's startup ecosystem. While early-stage funding is abundant, growth-stage capital is lacking, necessitating efforts to draw international investors to the region. The hub, hosting over 1,240 tech firms, offers regulatory support and aims to unlock local capital, positioning Dubai as a hub for fintech and AI innovation.

Direct-to-consumer brands keep deal street busy with new funding rounds

Economic Times

Economic Times · 6m ago

Direct-to-consumer brands keep deal street busy with new funding rounds

The new year has seen a surge in funding activities for consumer brands, signaling renewed momentum in deal-making. Various early- to mid-stage companies, such as The Whole Truth Foods, Mokobara, Snabbit, Nuuk, and others, are finalizing funding rounds with venture investors and high-net-worth individuals. Deals include seed to series B funding, with Belgian fund Sofina leading a significant round for The Whole Truth Foods. Quick commerce and entering new product segments have boosted sales, driving these investments.

Nothing Before Coffee, That Sassy Thing secure early-stage funding

VCCircle

VCCircle · 3m ago

Nothing Before Coffee, That Sassy Thing secure early-stage funding

Nothing Before Coffee, a QSR coffee chain, and That Sassy Thing, a women's sexual wellness brand, have both secured early-stage funding. Nothing Before Coffee raised $2.3 million through Prath Ventures and SYL Investments to expand technology, talent, and open 150 new outlets by FY26, focusing on tier II and III cities. Founded in Jaipur in 2017, it currently operates 85 outlets. Meanwhile, That Sassy Thing raised Rs 6 crore, seeing 200% growth and serving 50,000 customers.

BPR Hub raises $2.6 Mn led by Accel and Kae Capital

Entrackr

Entrackr · 6m ago

BPR Hub raises $2.6 Mn led by Accel and Kae Capital

BPR Hub raises $2.6 Mn led by Accel and Kae Capital BPR Hub, a San Francisco and Bengaluru-based AI-powered compliance management platform for manufacturers, has closed its $2.6 million seed funding round, co-led by Accel and Kae Capital. The funds will be used to scale globally, expand the team, and enhance product features to meet the rising demand for compliance management. Prominent angel investors in manufacturing also participated, positioning the company for rapid growth in India and North America. Founded in 2024 by Teja Edara (CEO), Milanjeet Singh (COO), and Vinodh Peddi (CTO), BPR Hub was created to address key challenges in compliance. With over a decade of experience in manufacturing and compliance, Milanjeet Singh's firsthand insights drove the development of a platform to streamline compliance management for manufacturers. BPR Hub's platform automates up to 80% of quality, compliance, and governance tasks, cutting certification time by 40%. It effectively tackles key challenges faced by small and medium manufacturers in a complex regulatory environment. Through automated evidence evaluation and continuous monitoring, BPR Hub helps companies fast-track certification – turning a process that typically takes months into one that takes weeks. The platform streamlines the management of overlapping certification requirements, eliminating duplication and ensuring nothing falls through the cracks. BPR Hub streamlines manufacturing by integrating quality assurance, production control, inventory, and asset management into a single platform. This ensures seamless compliance management, allowing teams to focus on growth.

Specialty coffee chain abCoffee raises $3.4 million funding led by Nexus Venture Partners

Economic Times

Economic Times · 1y ago

Specialty coffee chain abCoffee raises $3.4 million funding led by Nexus Venture Partners

Indian specialty coffee chain AbCoffee has raised $3.4m in a series A funding round led by Nexus Venture Partners, with participation from Tanglin Venture Partners. The Mumbai-based company plans to use the funds to enhance its supply chain and technology infrastructure, aiming to provide accessible and affordable specialty coffee through its retail grab-and-go outlets. AbCoffee, which currently operates 49 outlets mainly in Mumbai and New Delhi, plans to triple its valuation to around $15m. The funding aligns with the trend of technology-focused venture capital firms showing interest in consumer brands with a physical presence.

Ahmedabad Next Stop On MeitY Startup Hub’s Journey To Provide Funding Opportunities To Startups

Inc42 · 1y ago

Ahmedabad Next Stop On MeitY Startup Hub’s Journey To Provide Funding Opportunities To Startups

The Ministry of Electronics and Information Technology (MeitY) Startup Hub will host the 'MeitY Startup Hub Investor Connect Programme' in Ahmedabad, Gujarat on March 22. The event aims to connect early-stage startups with investors and provide opportunities for funding and scaling. Inc42 and IIMA Ventures are supporting the programme, which will also help MeitY's incubation centres build investor networks. Gujarat has emerged as a valuable startup hub, receiving recognition for its vibrant ecosystem. IIMA Ventures, an entrepreneurship centre at IIM Ahmedabad, has contributed significantly to the growth of startups in Gujarat.

Nexus Venture, Gruhas invest early-stage funds in two startups

VCCircle

VCCircle · 1y ago

Nexus Venture, Gruhas invest early-stage funds in two startups

Specialty coffee chain abCoffee and innerwear brand Bummer have secured early-stage funding from Nexus Venture Partners and Gruhas Collective Consumer Fund, respectively. abCoffee raised $3.4 million in a Series A funding round, which will be used to enhance its supply chain and technology. Bummer raised $1.1 million in a pre-Series A funding round, which will aid its expansion into tier II and III cities and hiring talent. AbCoffee offers affordable brewed coffees sourced from Chikkamagaluru farms, while Bummer specializes in eco-conscious innerwear made from micromodal fiber.

Check out the complete roundtable lineup at TC Early Stage 2024

TechCrunch · 1y ago

Check out the complete roundtable lineup at TC Early Stage 2024

TC Early Stage 2024 is set to host a lineup of roundtable sessions that aim to enlighten and invigorate entrepreneurs. These sessions will cover a range of topics including seed funding, the chameleon mindset, M&A exits, grabbing investors' attention, raising VC money, PR strategies for founders, and the right time to hire a product leader. The roundtables will be led by experts in their respective fields, providing valuable insights and networking opportunities for attendees. Make sure to grab your tickets before prices increase.

ellementry, two others secure early-stage funding

VCCircle

VCCircle · 1y ago

ellementry, two others secure early-stage funding

Homeware brand ellementry, deeptech startup Perceptyne, and healthtech startup neuro42 have recently secured early-stage funding. Ellementry received funding from venture capital firm She Capital and plans to use the funds to expand its product offerings and market presence. Perceptyne raised funds from investors including Venture Catalysts, T-Hub, and others for developing industrial humanoid robots. Neuro42 secured funding from angel investor Karna D Shinde to continue developing their intraoperative MRI and AI platform for neurological diseases.

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